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Scammers take aim at Ripple XRP community

Ripple CEO warns of a surge in impersonation scams following the recent cryptocurrency market rally.

July 24, 2025 at 02:52 AM

Scammers pounce as crypto markets touch new all-time highs

Ripple CEO Brad Garlinghouse warns of rising XRP-related scams on YouTube amid a crypto market rally.

Scammers exploit crypto surge to target Ripple community

Fraudsters are increasing their activities to exploit the recent surge in cryptocurrency markets, particularly focusing on XRP, according to Ripple CEO Brad Garlinghouse. On social media, Garlinghouse cautioned users about scammers impersonating Ripple's official YouTube account. Crypto scams reached alarming new heights with losses of $2.1 billion recorded in the first half of 2025. Ripple's XRP has seen significant price movements, nearing previous highs, as Bitcoin and Ether also experience gains. The scammers are utilizing hacked accounts to mimic the official Ripple presence and lure victims with promises of giveaway events. Notably, this is not the first time Ripple has encountered such impersonation issues, having previously sued YouTube in 2021 over similar scams.

Key Takeaways

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Scammers are targeting crypto users as prices surge.

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Ripple's CEO warns of XRP impersonation scams.

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Crypto scams reached a record loss of $2.1 billion in 2025.

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Scammers frequently hack accounts to promote fake giveaways.

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Ripple previously sued YouTube over impersonator issues.

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Community awareness is essential in fighting these scams.

"With success and market rallies, scammers ramp up their attacks on the crypto community."

Garlinghouse highlights the direct link between market success and increased scam activity.

"Ripple or our execs will NEVER ask you to send us XRP."

This statement serves as a clear precautionary measure for users.

"Stop using Google search for crypto sites unless you enjoy playing Russian roulette with your wallet!"

Scam Sniffer advises caution with crypto-related Google searches amid impersonation problems.

The rise in crypto-related scams signals a troubling trend as the market gains momentum. As the values of coins like XRP and Bitcoin increase, so do the risks for unwary investors. The intersection of soaring prices and malicious activity raises questions about the responsibility of platform providers like YouTube in protecting users. The ongoing deception underlines the necessity for heightened awareness among investors, especially during market rallies. Garlinghouse's call to report scams emphasizes the urgent need for community vigilance in this volatile sector.